TwentyTwo Real Estate, an independent European real estate investment and management firm, announces the acquisition of Center Parcs Allgäu in Germany - one of the largest and most recent Center Parcs in Europe.
The acquisition includes 750 of the site’s 1,000 cottages as well as the main sports and leisure facilities.
Demand for this type of leisure hospitality asset has seen strong growth in recent years, largely due to a structural change in customers’ consumption habits favouring local tourism and outdoor experiences.
With this acquisition, TwentyTwo Real Estate is continuing its pan-European growth by investing in a resilient sector with excellent growth prospects. The acquisition is also in line with TwentyTwo Real Estate’s objective of selecting assets expected to perform well in an inflationary environment.
This investment is also fully in line with TwentyTwo Real Estate’s ESG policy. Indeed, Center Parcs Allgäu has an ambitious ESG plan, which has been in place since its construction, to meet the growing demand for sustainable sites with a positive impact. As a result, it has obtained multiple certifications, including Gold DGNB (for sustainable property developments) and Green Key (a leading certification standard in the tourism industry). The site is also ISO 14001 and ISO 50001 certified.
Ambiente Deutschland GmbH was commissioned by Gleeds for environmental aspects.